archiveMSCI index

BENGALURU: Currencies in emerging Asia were subdued on Tuesday, weighed down by President Donald Trump’s renewed criticism of the US Federal Reserve, while Singapore equities extended their winning streak into a sixth straight session. An MSCI index of Asian emerging market equities snapped a three-day streak of gains, dragged lower by stocks in Taiwan, which lost as much as 1.5% at one point to hit a near two-week low. The Singapore dollar and Thai baht drifted around their mid-October highs, while Indonesia’s rupiah crept lower to 16,855 per US dollar,...

BENGALURU: Indonesian equities rallied 4% on Wednesday after a period of relentless selling on worries over the country’s growth outlook and fiscal stability, though market participants cautioned the recovery might be short-lived. Sharp gains in banks across Southeast Asia, particularly Bank Central Asia and Bank Rakyat Indonesia, propelled the MSCI index of ASEAN equities by 1% to its highest level in more than two weeks. The two Indonesian banks account for roughly 6.7% of the index, while Indonesia’s overall weight in the index is 15%. Jakarta’s benchmark index rose to...